Innolith enters the commercial phase with five companies

The I-State battery technology follows more than 18 years of intensive research, leading to the discovery of Innolith’s proprietary high-voltage electrolyte that can operate at up to 5 volts without degradation, unlike existing Li-ion batteries limited to 4.2 volts. The higher voltage of the cells enables higher utilisation of cathode capacity by using nearly 100% of available lithium vs 80% for Li-ion, over many stable cycles and at high charge and discharge rates. Furthermore, the I-State higher voltage significantly reduces cathode metals used in the cell, helping EV manufacturers cut costs and produce vehicles closer to the cost of Internal Combustion Engine (ICE) vehicles. The 20% reduction of lithium, cobalt and nickel will help alleviate environmental and sourcing concerns while typically reducing the weight of an EV battery pack by 7% to 8%.

The Innolith I-State technology meets the charge, discharge and cycle life requirements of the major EV manufacturers and has been evaluated by leading testing and validation organisations as well as multiple automotive and battery OEMs and end-user companies across several industries. In addition to its use for EVs, Innolith will be marketing its I-State technology for applications in aviation, construction, mining, marine, rail and industrial sectors.

“The world needs better batteries to drive the transition to a greener economy for environmental, energy security and economic efficiency reasons,” states Konstantin Solodovnikov, CEO of Innolith.

Preliminary orders for I-State
The I-State platform will be manufactured through licensing partnerships with automotive, industrial and battery companies. To support its ongoing licensing negotiations, the company has signed Memoranda of Understanding (MoU) with five customers for a production requirement of 100 MWh per year. The MOUs are for applications across the off-road, aviation and mining sectors. The MoU include an agreement with Xerotech, a leader in battery pack technology for heavy-duty non-road mobile machinery, to develop battery packs for the electrification of a wide range of applications. In the automotive sector, Innolith is working closely with three of the ten largest car companies and has recently signed an MOU with one of the leading EV manufacturers. This milestone marks the commercialisation phase for the I-State battery technology platform.

With headquarters in Basel, Innolith was established in 2018 and in 2019, and the company demonstrated a breakthrough that opened a new path for many existing and emerging e-mobility industries. Innolith runs one of the world’s leading battery cell research programs at its R&D Center in Bruchsal, Germany and a business development office in China. It employs over 80 people in the three countries and has obtained more than 120 million dollars in capital.

(Press release/RAN)